Case Study: Fenix TLS closes funding in 33 days with Zegal

Fenix TLS closes funding in 33 days with Zegal

Fenix TLS, a Hong Kong-based startup providing translation services, faced the challenge of quickly securing funding for its new subsidiary, MINEO, during the onset of the COVID-19 pandemic. They needed to efficiently handle complex fundraising documents to close a deal with investors rapidly. They turned to Zegal and its template library for a solution.

Using Zegal's platform for collaboration and automated template creation, Fenix implemented a Convertible Note arrangement. The solution streamlined the entire drafting process with real-time updates, enabling full transparency between the parties. With Zegal, Fenix successfully closed its funding round in just 33 days and achieved an 80% cost saving on legal and drafting fees.

Fenix TLS